Hacker News new | ask | show | jobs
by mrmuagi 1264 days ago
Upper middle class? Is multi-millionaire not "rich" anymore?
1 comments

High cost of living city. A million doesn’t go as far as it used to (inflation). Think about how much real estate has increased in the last 10 years. That’s the biggest expense for anyone.
Silicon Valley is expensive, but not so expensive that $900k/year is only middle class. That's $40k/month or so after taxes.